BlockBeats News, May 21st, according to official sources, Backpack announced a strategic partnership with the Sui blockchain-based DeFi project NAVI Protocol. Users can now directly deposit, borrow, and trade assets on NAVI while using the Backpack Wallet, with the opportunity to share a total prize pool of $12,000. For specific event details, please see here.
Backpack Wallet stated that it has over 500,000 monthly active users, with a peak daily trading volume of $36.6 billion.
Additionally, as the largest DeFi protocol on Sui, NAVI Protocol's Total Value Locked (TVL) reached a peak of $750 million in 2024, with the platform facilitating over 7.45 million transactions for more than 1 million users.
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